Vedantu sacks 385 employees as tech layoffs continue
On Wednesday, the Tiger Global-backed edtech unicorn sacked as many as 385 employees or 11.6% of its workforce across human resources, learning and content segments.
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Discourse has shifted from TAM to profitability: upGrad
Firms will have to expand their footprint in non-metros, which present a huge opportunity, and will need to devise affordable product pricing, says Mayank Kumar, co-founder & MD at upGrad
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Vedantu lays off 424 employees as funding dries up
The edtech unicorn expects slower growth due to reopening of schools and offline tutorials.
Vedantu turns unicorn amidst edtech battle in India
The Bengaluru-based online learning platform is the fifth edtech company in the country to attain unicorn status. Last month, edtech ventures: upGrad and Eruditus also joined the coveted club.
Edtech, telehealth startups’ moment under the sun
While the adoption of such services has shot up, the real task is to keep the momentum going after the impact of Covid-19 wears off.
For edtech startups, it’s raining money
Tracxn data reveals that Bengaluru-based companies attracted the lion’s share (about $944 million) of investments in the edtech space in the last one year, the highest across cities in India.
Unacademy raises $110 mn from Facebook, others
The Bengaluru-based edtech company will utilise the funds to launch new test preparation and examination categories, create new learning content and product.
Edtech firm Vedantu raises $24 million
The Bengaluru-based company plans to utilise the fund in brand building activities and expanding to newer segments such as providing learning content for kindergarten and junior classes.
Edtech firm Vedantu raises $42 million
Marquee investors Tiger Global and WestBridge Capital led the Series C round of funding, which also saw participation from Prince Maximilian of Liechtenstein.
